Good MorningEquity markets reversed course on Tuesday and closed higher for the day ending January on an up note. The S&P 500 gained almost 1.5% at the end of the day on signs the earnings season is better than expected. The caveat is that market action is still below significant resistance and the outlook for earnings is deteriorating. In this light, the next big move in the market is more likely to be down than up and there are more risks than one to be wary of.
Today brings another FOMC policy statement and it could be one for the history books. The market is expecting the FOMC to slow the pace of hikes and indicate the peak of inflation has passed but it might be disappointed. The latest inflation data confirm a peak was hit but give little indication that inflation is truly subsiding in a way that is sustainable. What this means is the FOMC needs to make the market believe interest rates will stay high enough for long enough to ensure that happens. Featured: Mysterious stock market “glitch” revealed (Ad) 
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Technology | |
Cisco Systems Inc. (NASDAQ: CSCO) has a place on MarketBeat’s Dividend Achievers list of stocks, increasing their payout for at least the past 10 consecutive years.
Although it’s a well-established company, Cisco is not resting on its laurels. It’s developing robust technologies... Read the Full Story |
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His system recently flashed on a new group of stocks he believes could break out beginning August 14. Past signals preceded gains of 825%, 2,105%, and 4,496%. He's hosting a free briefing on July 29 at 8 p.m. ET to reveal the details, including his top stock pick at no charge. | | Register free for the July 29 briefing and claim his top stock pick |
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Technology | |
The communications industry is showing signs of life, as large caps, including Verizon Communications Inc. (NYSE: VZ) and Charter Communications Inc. (NASDAQ: CHTR), are posting strong one-month uptrends.
The two stocks are components of the Communication Services Select Sector SPDR Fund (NYSEAR... Read the Full Story |
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Consumer Staples | |
Dividend King Sysco (NYSE: SYY) pulled back following its FQ2 results but the move is already catching the attention of investors. No surprise there, this stock is a solid blue-chip operator in the US foodservice space and pays a healthy dividend so investors should be targeting this pullback as a... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Discretionary | |
Global Edtech and education company Genius Group Ltd (NYSE: GNS) shares have spiked by 1700% for 2023. The stock was trading just a few hundred thousand shares a day leading up to its 269 million shares trading day on Jan. 19, 2023, where it spiked 290% to close at $2.09. Interest has remained rel... Read the Full Story |
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Energy | |
Shares of Exxon Mobil Corporation (NYSE:XOM) are up 1.7% in mid-morning trading after the company posted a record profit in their fourth-quarter and full-year 2022 earnings report. XOM stock had been down 3% in pre-market trading.
Some of that was due to revenue coming in slighly below expectat... Read the Full Story |
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Industrials | |
There is good news and bad news in Caterpillar’s (NYSE: CAT) Q4 results. Caterpillar shares are falling hard after the impact of FX was revealed to be greater than expected, that’s the bad news. The good news is that business is strong, growth is on the table, cash flow is robust, and ... Read the Full Story |
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Transportation | |
United Parcel Service's (NYSE: UPS) Q4 results and outlook echoed a report from Whirlpool Corporation (NYSE: WHR) in that investors love blue chip quality stocks for long-term gains. These companies are not growing, they aren’t showing all that much strength, but they are showing resilience ... Read the Full Story |
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Retail/Wholesale | |
McDonald’s Corporation (NYSE: MCD) is down 0.5% in early trading as the fast-food giant says inflation will drag operating margins in 2023.
That’s detracting from an otherwise bullish earnings report. The company beat on both the top and bottom lines. Revenue came in at $5.93 billio... Read the Full Story |
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Retail/Wholesale | |
The days of used cars commanding steep prices are in the rearview mirror, and the downward trajectory of dealer Carvana Co. (NYSE: CVNA) is sign of these conditions.
Carvana shares more than doubled in the past month, and the stock has posted a one-week return of 39.28%. The move has the makings ... Read the Full Story |
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Consumer Discretionary | |
Whirlpool Corporation (NYSE: WHR) stock price was corrected on fears the appliance manufacturer’s profitability would flag alongside the revenue in the post-COVID world but those fears are proving to be unfounded. The company’s Q4 results and outlook suggest that not only will this com... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Papa John's International, Inc. engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages. The North America Franchising segment involves the offering of sales and support activities, development rights, and collection of royalties from franchisees located in the United States and Canada. The North America Commissaries segment includes the eleven full-service regional dough production and distribution and quality control centers. The International Operations segment represents all restaurant operations outside of the United States and Canada. The All Others segment focuses on franchise contributions to marketing funds and sale, company-owned and franchised restaurants, information systems and related services used in restaurant operations, point-of-sale system, online and other technology-based ordering platforms, printing, and promotional items. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY. | | View Today's Stock Pick |
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